I hate to post about this, but I figured I’d try a couple of platforms while I’m learning. I’ve been demoing with oanda and I really like everything, but I was looking at the possibility of a mobile platform, so I loaded up the interbank fx platform and have been playing.
With oanda, everything is there with no question of whats going on. You bring up the trade window, enter your units and it gives you a breakdown of everything. Margin, calculations at your s/l and t/p, etc. When you close a trade, it shows interest calculations between currencies and balance change.
The mt4 with interbank doesn’t seem to show me much. The trade window doesn’t have that nice synopsis of everything that can happen with the trade, nor does it mention anything about interest when you close a trade. You pick units when you open a trade, but I have no idea how much money I’m using in the trade. I don’t know what my margin is set at or anything. I feel like I forgot everything I’ve learned so far when I open mt4. If oanda had a mobile option, I might be sold.
I guess I’d like to focus more on watching candlesticks instead of wondering how much money I’ve just put into a trade.